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June 22nd, 2022
We’ve Only Scratched the Surface of How Bad the Crypto Crime Wave Has Gotten
Blockchain Technology Co-Chair Jeremy S. Goldman was quoted in the article, “We’ve Only Scratched the Surface of How Bad the Crypto Crime Wave Has Gotten” published by the Los Angeles Times. The article discusses the increase of criminal fraud for cryptocurrency investors, who have lost billions of dollars with little hope of recovering those losses.
Jeremy acknowledges the risks of crypto and is quoted saying, “Crypto technology was built out of a ‘libertarian ethos’ in which there’s no nanny state that’s going to take care of you.” He adds, “These are the consequences when there’s a mistake … there’s no one to unwind it, you can’t call customer service, you can’t go back to the mothership, you can’t go back to the bank.”
Recently, two men were arrested in Los Angeles for orchestrating a fraud and money laundering cryptocurrency “rug pull” scheme. Jeremy said, “The case demonstrated sophisticated abilities by federal agents to follow the money and follow blockchain-based transactions” and “They really did a good job in following the breadcrumbs.”
Read the full article here.
Other Quoted
New California Law Requires Sellers To Warn That Digital ‘Purchases’ Might Vanish
MediaPost quotes Jeffrey A. Greenbaum on California Governor Gavin Newsom's newly signed bill that will prohibit sellers from advertising digital material with the words “buy” or “purchase,” unless the sellers also disclose that they can revoke access at any time. View Article
September 27 2024
More and More Artists Want Trump to Stop Using Their Music. They Face a Costly Fight
NPR quotes Jacqueline Charlesworth on the music lawsuits against Donald Trump, following White Stripes' becoming the latest band to sue Trump for unauthorized use of copyrighted material in his campaign to become president. She notes the sheer volume of complaints against Trump for his music selections may be a record. Ms. Charlesworth also distinguishes claims of transformative use from just using music to promote a campaign. View Article
September 17 2024
SEC Is Coming After OpenSea—These Are the NFTs That Could Be in Trouble
Decrypt quotes Jeremy S. Goldman on how far-reaching the SEC's push into the NFT market might become following the SEC's anticipated lawsuit against NFT marketplace, OpenSeas. View Article
September 9 2024
